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Today at time t=0, you buy one European call option with strike price 100, you sell two European call options with strike price 110, and
Today at time t=0, you buy one European call option with strike price 100, you sell two European call options with strike price 110, and you buy another European call option with strike price 120. All options are written on the same stock and have the same maturity T>0.
Do you need to pay money today (at time t=0) for implementing this strategy, or will you receive money? Provide a short reason for your answer.
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